Are you looking for a prime investment property in Maryland? Look no further than this opportunity to own two lots in the Centennial District. The county has approved the subdivision and is now on hold for building lot allocation and recordation of the lots.
The existing house on the property has a tenant with a lease that expires in June. However, the house can be removed immediately, and a new home built in its place. The entire property, including the lease agreement with the tenant, will be conveyed to the buyer.
It’s important to note that the existing house must be removed before a building permit can be issued on Lot 17. The engineering process is almost complete, and the buyer will be responsible for the site development plan to build. Engineering plans are available for review.
Access to the property is limited, and an appointment is required to see the lot on Maxine Street only. Please do not park on the driveway of the existing house.
The taxes on the property are currently $6,623 per year for the existing house on one acre. However, with the potential for a new build, the property value could increase significantly.
Don’t miss out on this opportunity to invest in a prime location in the Centennial District. Contact the seller today to schedule an appointment and discuss all options available for this investment property for sale in Maryland.
MAXINE ( LOTS 17.18) ST, ELLICOTT CITY, MD 21042